Avoid Mutual Funds
Mutual Funds are antiquated, expensive and tax inefficient.
If you are getting charged 1% to be placed in mutual funds you are paying too much.
Layers of management increase costs. High fees and costs force advisers to advise an investment mix with greater risk. Increased risk taking leads to increased downside which increases the likelihood you make an emotionally linked investment mistake.
This can all be avoided by avoiding advisers that charge 1% to buy and hold mutual funds for their clients.